Bitcoin Volatility Jumps to 3-Month High Ahead of U.S. Election

Coindesk
03 Nov 2024
  • Deribit's bitcoin volatility index jumps to its highest since late July.
  • Implied volatility in EUR/USD and U.S. Treasury notes surges to at least one-year highs.
  • Markets price a significant risk premium around the impending U.S. elections.

An options-based measure of expected price swings in bitcoin (BTC) has hit a three-month high amid indications from betting markets of a tightly contested U.S. presidential race in crucial swing states.

Leading crypto options exchange Deribit's bitcoin implied volatility index (DVOL), a closely watched gauge of expected price swings over 30 days, rose to an annualized 63.24%, the highest since late July, according to charting platform TradingView.

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